Property in Belarus

In the eyes of Russian investors, Belarus is in the second ten states in terms of the degree of popularity of the acquired property. Experts believe that about 5% of real estate transactions in Belarus fall to the share of Russians, and this is about 1500 objects.

The citizens of Belarus are attracted primarily by their order, low crime rate, transport accessibility and low prices for housing. All this makes the purchase of housing in a neighboring country a reliable and attractive investment.

Popular regions and prices

The greatest demand for non-residents is for real estate in the capital of Belarus - Minsk, and in the major cities of the country - Brest (near the Polish border), Gomel (in the south-eastern part of the country, at the border with Ukraine), Grodno (near the borders of Poland and Lithuania), in Mogilev and Vitebsk (at the Russian border).

The average cost of 1 square. m in the capital - $ 1,300, which is four times cheaper than, for example, in Moscow. In Brest - the second city of Belarus for the high cost of residential property - 1 "square" is $ 700.

The districts of Minsk are not evenly distributed over real estate values. For example, in the neighborhood Sukharevo 1 sq. Km. m will cost $ 1200, in one of the central districts of the capital the minimum cost will be $ 1300/1 square. In the industrial (Zavodskoy) district, the average cost of a "square" is $ 1100. Depending on the quality of the object, the cost of apartments of the same footage can differ by 25%.

Average prices for housing in Minsk in March 2016. According to belta.by

One-bedroom apartment in Minsk costs from $ 40,000 (in Frunzensky, Moscow and Zavodsky districts). Two- and three-room apartments here cost $ 60,000 and $ 75,000 respectively. In more prestigious areas, "odnushka" costs $ 53,000, a 2-room apartment costs $ 80,000, and a three-room apartment costs about $ 99,000.

The average cost of 1 square. m of housing in the cities of Belarus:

Brest - $ 700

Vitebsk - $ 680

Grodno and Gomel - $ 600

Mogilev - $ 550

This cost is fair for administrative centers, in peripheral cities, the cost of buying housing is about 15% lower than in district centers. The cost of 1 square. m on average in the country is approximately equal to $ 800.

Legislative limitations

Legislation of Belarus is very friendly to Russian citizens - our compatriots have almost equal rights with local residents. The only exception is that foreigners can not buy agricultural land in ownership. Only long-term lease of non-agricultural land plots (up to 99 years) is allowed.